Member Info for Tambo210

Cowen raising doubts over some data they've seen regarding MRNA's RSV vaccine sustainability.

Down 7pc yesterday and another 7% today.

Not sure how they saw the data without MRNA commenting on it first...publication at conference or leak? That's kinda a biggy to have effectiveness wane quicker than approved GSK and PFE ones.

I'd love to buy MRNA if it reaches $60,

OMG - There is a god. hope it stays low until end of this month when I can top up before ISA deadline.

Sidi & Robleo - My preference is to sell half of LGEN and MNG a day before ex-div. Managed to capture an annual dividend after each of the interim and final ex-div dates over the last 4 years, before commission and stamp duty.

I'll get it wrong one year.

Goldman Sachs raises Harbour Energy price target to 280 (260) pence - 'sell'

Jefferies cuts Morgan Advanced Materials to 'hold' (buy) - price target 315 (400) pence

Not sure what prompted that.....not paying deb down quick enough? More cash burn than expected? Dividend cut?

pokerchips - agreed with that. there's a lot of commentary about how well the indian economy has performed, but perhaps the best is behind it and it too late now.

political uncertainty in india is another risk. how they side with russia or the west their angst against china and ****stan make for a volatile situation which could happen over a weekend, and then you're in waiting anxiously.

no region is immune, but as you correctly state, a lot of expected performance priced in.

Https://www.telegraph.co.uk/money/investing/what-happened-scottish-mortgage-investors-nurse-losses/

Love the comment:

"“Some investments will work, and some won’t,” said Mr Burns. “I feel far worse about the really successful private companies that we didn’t own than I do about the few that we had and that didn’t work out.”" - Huh?

JPMorgan raises M&G price target to 235 (220) pence - 'neutral'

Bank of America raises Legal & General price target to 272 (260) pence - 'neutral'

JPMorgan raises Legal & General price target to 305 (295) pence - 'overweight'

UBS cuts M&G to 'neutral' (buy) - price target 235 (220) pence

UBS raises Legal & General price target to 260 (235) pence - 'neutral'

Eccles04 - There's a track record (not 1:1 correlation) that stocks like LGEN fall by the dividend amount a day or 2 after ex-div record date. Last 2 years, I've been cashing out the day before and bought back in some 30p lower...Hence I got an annual dividend and a bit more (after commission and SD).

Not fool-proof mind you.

Meconopsis - Sorry to hear about the SVB related incident....Been there, experienced that.....I'm up a little on a similar investement, only because I took a gamble and quadrupled my holding after my regional bank plundered some 75% in value....Hairy moment that....hopefully they're on stronger footing and any rate cuts will ease yields and therefore raise NIM.

Are insiders allowed to make discretionary purchases of SMT on the open market?

Lordloadsoflolly - " once again lies" How was I lying? I never denied what you added in my previous message.

"But the sooner SMT clears 810p & you sell out, the better as far as I'm concerned." - so who put you in charge of the board? Unless you're here to 'Raaa Raaa Raaa' the trust, you should not be admitted? Cleanse the board.

Why wait until 810p? You and your followers can just mute me.

So here's an interesting argument in how SMT is run.

In December, SMT just bought back into Meta. It dumped it somewhere in the first 6 months of 2020.

You'd think.....'phew! They've dodged that knife when in 2021, the SP dropped from $350+ to sub $100 over 12months." They then missed out on gains to where it is today. Timing when to catch a falling knife is an art, which I'm woefully unsuccessful at.

But trace back to anywhere in the first half of 2020, and extrapolate to today, and they still missed out on some impressive gains.

META has been generating a ton of cash. Why would you not buy that stock back sooner?

Thefrogster - What's wrong with being harsh? Unless you put pressure the managers and let them know we're not satisfied is 24 months of decline, they'll assume everything is okay and happily collect fees.

They don't work for peanuts.

These guys collect high fees and high bonuses regardless of the fund rising or declining. BG will hide behind the need to 'retain' talent to continue to increase their comp.

Its very British not to complain. Is that the culture here?

Basically, the team will reap their comp due to apathy of their investors, regardless of performance?

Really poor sales growth. Sangera not running this business very well.

lordloadsoflolly - you know my opinion (so you'll probably raise your eyebrows)

i still think the pair of them need a good talking to from the board of bg following their interview in nov '23. they lacked conviction in their answers. as i said before, their response to the question regarding ilmn showed they were behind the curve on that and actually proved they're not researching and discussing their holdings internally as well as they should. there's only 30 holdings to discuss. how many staff do you think smt has under slater and burns' leadership?

i doubt their actively researching their holdings.....just being leaders and in effect, the fall guys for the decisions and performance. if the performance is sub-optimal, they will hopefully have a word with the corresponding team member(s) and perhaps rally round to support them on their research and decision making.

douglas brodie is another manager who is having a rotten time at the moment there. given his background, the fund is heavily weighted towards healthcare.....and hence global discovery has been one of the worst performers of the last 2 years. (i actually believe they're going to close this fund soon and say "thanks for the fees, but tough ****" to the investors!)

""Tom joined Baillie Gifford in 2000 and became a partner of the firm in 2012. After serving as deputy manager for five years, Tom was appointed joint manager of Scottish Mortgage Investment Trust in 2015." He then took over as manager in 2022.

So, that's 12 years working on SMT."

Don't you mean 12 working as a partner for BG?

SMT for 8.

Still non-negligible I agree.

Walp. I actually consider 650p quite high.

Was expecting a number near 300p.

I saw a lot of commentators talk about PCT...but when I looked at the holdings, I wasn't convinced. But one thing to bear in mind the difference (as I'm sure you're aware ) between an OEIC and Investment trust is the OEIC tends to follow the NAV with greater correlation. The Investment trust is an open market purchase and there's a degree of sentiment in the volatility.

Perhaps that's why L&G Global tech fund has done better than SMT if we're focussing on technology umbrella.

LLOL - Yes...I'm aware of the disclaimer Meconopsis pasted.

I can't defend the indefensible that Slater's track record since his joining the trust to date hasn't produced stellar returns. I can't hide that fact. The reason I'm looking to exit is their performance during this 24 month down period. I mean ILMN is a classic example of being behind the curve. If you've followed sequencing companies for the last 5 years, you'll know that something has been wrong since 2020...yes during COVID when they shot up. Yet Slater and co chose to wait until the Fall of '23 to wind down because there had been too much turmoil in the past few years.....Trying to buy PACB and failing was an indication something was wrong.

I'm keeping on eye on Northvolt. The whole battery/fuel-space is suffering a little with cash burn. As a result, NV issued a 1.2bn buck convertible in August 23. They'lll burn through that. There needs to be a better subsidy mechanism in order for this industry to get off the ground.

MRNA is a 2025 story and beyond. I'm actually waiting to buy the stock if it hits $60.

As the size of the fund increases, you can't hide behind a disclaimer and operate as a wild west fund. That's why Woodford failed. He relied on his past performance to draw investors in. The new fund he started operated differently yet had billions invested......You can't just say "Sorry guys...you were naive!"

Anyway, as you know, I'm exiting at 810p.